Best Personal Loans in Yeshwanthpur, Bangalore
Yeshwanthpur situated in the north-western part of Bangalore and is best known for the whole sale market of agriculture produce. The famous APMC yard is situated in this area very close to the Yeshwanthpur railway station. Yeshwanthpur has good connectivity via road, rail and now the metro too. BMTC buses ply to Yeshwanthpur and the railway station is well situated in the middle of of the locality.
The famous cash and carry outlet called Metro is situated in Yeshwanthpur. Orion Mall is also very close to Yeshwanthpur which see huge footfalls especially over the weekends. Yeshwathpur is very closely located to Peenya which is considered as the industrial area of Bangalore. You will find multiple manufacturing firms across verticals like garments, steel, cement, precision tools and so on.
Yeshwanthpur is along the NH4 which goes toward Tumkur with sub-localities such as Model colony, Kamala Nehru extension, B.K. Nagar and many more.
Personal loans in Bangalore are given by most major banks and financial institutions to individuals without asking for the requirement or need. They are unsecured loans given from Rs. 50,000 to Rs. 40,00,000 which means that you need not mortgage anything or show an asset. The most common reason for taking a loan is debt consolidation. Some of the other reasons include medical, travel, home renovation, wedding and so on.
You need to have a good credit history and adequate salary to get a loan sanctioned. Other factors like years of employment, company you work for etc will determine the most important factors like amount, tenure and rate of interest. Some of the banks in Bangalore give you the flexibility to pre-close the loan without any additional charges. Most banks have a pre-closure charge in the 4%-5% range.
There are multiple banks which offer a personal loan in Bangalore such as HDFC Bank, ICICI Bank, Kotak bank, Axis bank and so one. There are also multiple NBFC’s in Bangalore such as Bajaj Finserv, Fullerton, Tata Capital, etc which offer unsecured personal loans.